11.
Open Banking
1995!
Why do we need a
Web site?!
2000! 2010! 2020!
Of course we have
a Web site!
Of course we
have an API!
Why do we need
an API?!
In the future, every bank will have an API
“By 2016, 75% of the top 50 global banks will have launched an API
platform and 25% will have launched a customer-facing app store”!
“Bank as a Platform”: Modern, open APIs accelerate sustainable and
secure customer-centric banking innovation by leveraging an ecosystem
of third party applications and services. !

13.
71%!Of Millennials would rather go to the dentists
than listen to what banks are saying "!
Dissatisfaction
Source: The Millennial Disruption Index, Scratch 2014 !

14.
Non-Banks Threats
¾ millennials would be more excited about an offering from new
entrants than from their own bank
Source: The Millennial Disruption Index, Scratch 2014 !
Challengers! New entrants?!Fintech startups!

15.
Aging IT systems
The #1 barrier to innovation is IT system
Source: Innovation in Retail Banking 2013, Efma-Infosys!
!!!!

17.
Meeting these challenges
Today’s bank needs to be agile and proactive.!
It needs an open and collaborative approach !
which fosters customer-centricity!
1/ Open its APIs!
2/ Develop an
ecosystem!
3/ Allow 3rd party
Apps!

18.
The Open Bank Project
The Open Bank Project is an open
source API for banks!
1/ Open API
standard and
implementation!
2/ Developer !
Community!
3/ Apps for the
App Store!

19.
The Open Bank Project
Banks can leverage the OBP API to create better customer relationships
Individuals & Businesses.!
Developers have easy access to banking data and trusted
services!
Customers enjoy a much greater choice of high quality and
secure services!
Banks instantly provide new and more secure services to their
customers. Offering faster time-to-market and cost savings!
Trusted 3rd Party!
Developers !
Retail / corporate
banks!
✔
✔
✔
An open source API and App Store for banks !
and an international community of developers using it!